Cramer talked about 2 savage American IT consulting and 2 outsourcing companies in India. Cramer is saying this is a match against the two groups to see who is better. They are all fighting for a larger piece of the pie.
Accenture (ACN) and EDS (EDS) are the American plays here. Wipro (WIT) and Infosys (INFY) are the Indian plays.
Infosys (INFY) and Wipro (WIT) are taking business from the Americans. Cramer thinks the better of the two Indian stocks is Infosys (INFY). Cramer thinks their results are setting up to be better than expected and they may break-even in the coming quarter. It just hit a $58.25 high last week. Its attrition rates of employees leaving was 12%, but that is the lowest of all the major Indian companies.
Cramer thinks the Indian companies are looking better, but the and he isn’t going to go over the true winners as far as what to invest in later. That is called "trying to maintain ratings" on TV.
Jon C. Ogg
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